Menu

EUR/AUD continues to fall inside the 3rd primary impulse wave ③ - which started earlier – when the pair reversed down sharply from the resistance zone lying between the resistance levels 1.6000 and 1.6200 (which reversed earlier intermediate correction (2)). This resistance zone was strengthened by the upper daily Bollinger Band and by the two trendlines belonging to 2 different-length daily up channels, as can be seen below.

EUR/AUD is currently approaching the support zone near the support level 1.5340 (which earlier reversed the price twice in this month, as can be seen below). If the pair breaks below the support level 1.5340 – the price can then fall to the next sell target 1.5200.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com